Tesla, Inc. $TSLA Stock Holdings Increased by Pathway Financial Advisors LLC

Pathway Financial Advisors LLC boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,141 shares of the electric vehicle producer’s stock after acquiring an additional 50 shares during the quarter. Pathway Financial Advisors LLC’s holdings in Tesla were worth $362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Means Investment CO. Inc. raised its position in Tesla by 37.7% during the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer’s stock valued at $5,984,000 after acquiring an additional 6,323 shares in the last quarter. Siren L.L.C. bought a new position in Tesla during the first quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC raised its position in Tesla by 6.9% during the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after acquiring an additional 826 shares in the last quarter. Keystone Global Partners LLC bought a new position in Tesla during the first quarter valued at approximately $594,000. Finally, Strs Ohio bought a new position in Tesla during the first quarter valued at approximately $205,495,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Bank of America raised their price objective on shares of Tesla from $305.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Glj Research reiterated a “sell” rating on shares of Tesla in a report on Thursday, July 24th. Melius started coverage on Tesla in a report on Monday. They set a “buy” rating and a $520.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Tesla from $345.00 to $435.00 and gave the company a “buy” rating in a report on Friday, September 26th. Finally, Daiwa Capital Markets reiterated a “neutral” rating on shares of Tesla in a report on Sunday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat, Tesla has an average rating of “Hold” and a consensus target price of $363.03.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 202,606 shares of company stock worth $75,588,902. Insiders own 19.90% of the company’s stock.

Tesla Trading Up 5.4%

Shares of Tesla stock opened at $435.90 on Tuesday. The company’s fifty day simple moving average is $378.50 and its 200-day simple moving average is $329.48. The company has a market cap of $1.45 trillion, a price-to-earnings ratio of 251.97, a PEG ratio of 14.92 and a beta of 2.08. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 1 year low of $212.11 and a 1 year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.